Dec 6, 2012 4:00am PST
above 13,000. investors appeared optimistic about avoiding the fiscal cliff after president obama suggested that a deal could be reached in about a week. >>> the government issues a new warning about reverse mortgages. those are mortgages that give senior citizen homeowners an immediate cash payment in exchange for future equity. today, the obama administration will recommend congress prohibit large lump sum payments for reverse mortgages. and it will recommend that seniors be very careful before signing one. >>> a new starbucks store is likely coming soon to a neighborhood near you. the coffee giant plans to over 1,500 more cafes over the next 5 years. another 1,500 stores are planned for canada and latin america. starbucks has expansion plans in china and for its product line sold in grocery stores and other vendors. >>> your smartphone will soon be able to send how your feeling and respond proeply. it uses voice features. it was successful about 80% of the time in correctly identifying the emotion. rob, can you tell my emotion right now? >> you sound happy and wide-awake. >> i'
Dec 6, 2012 1:40am PST
the fiscal cliff. mr. obama and house speaker john boehner took a step yesterday, speaking about the standoff on the phone. i guess at least they weren't texting, right? while the details of their chat remain private, both men continued to talk past each other in public. >> let's allow higher rates to go up for the top 2%. >> there are ways to limit deductions, close loopholes, and have the same people pay more, more of their money to the federal government, without raising tax rates, which we believe will harm our economy. >> treasury secretary tim geithner also weighed in yesterday saying the president is willing to allow the nation to go over the cliff if republicans don't agree to raise taxes on the wealthy. >>> we are learning new details about colorado's shooting suspect james holmes now that thousands of e-mails in the case have been released. messages indicate holmes may have had a brief romantic relationship in the days before the tragedy. we have learned that in early june, holmes began specifically talking and fantasizing about killing a lot of people. his psychiatrist was so worri
Nov 29, 2012 7:00am PST
, of a potential compromise there to avoid the so called fiscal cliff that would raise taxes on a typical american family by some $2,200. republican congressman tom cole, of oklahoma, is urging republicans to accept president obama's deal and allow the bush-era tax cuts on the wealthy to expire for now. so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration is considering options, including arming the rebel fighters there who have made progress in recent days in battling bashar al assad's forces. >>> and more trouble for president obama's expected nominee for secretary of state. susan collins says she will not back rice for the job, until more questions on the attack on the u.s. consulate
Dec 4, 2012 1:40am PST
by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go on vacation. in actuality there are fewer than 11 days before they need to work out a deal. jake tapper, abc new, the white house. >> that's scary, 11 days. fellows you sit up there until it gets wrapped up. quick synopsis, gop, $800 billion in revenue through tax reform on the table. that's not what the white house wants. they want tax rates to go up as oppose to revenue going up which would include closing some loopholes. kind of one of the sticking points. >> and speaker of the house john boehner sent a nice little hallmark card, a letter to the president. i want to read you an excerpt. he set the american people rightly expect both parties to come together on a fair middle ground and address the nation's most pressing challenges. the proposal calls for $1.6 trillion in new tax revenue, twice the amount you supported during the c